High Plains Cotton Growers Remind of Anniversary Loan
Plains Cotton Growers Inc. of Lubbock urges producers holding 1971 crop short staple cotton to apply for the CCC anniversary loan. The program lets growers retain title to their cotton for 10 months from loan start, with final loan application date May 31, 1972. This replaces earlier programs that ended in July and offered shorter windows to find buyers.
MENTIONED IN THIS ARTICLE
High Plains
Plains Coteton Growers, Inc
Lubbocke
R Organization
Commodity Credit Corporation
CCC
Plains cotton market eyed as loans extend to 1973
PCG Executive Vice President Donald Johnson says the anniversary loan gives producers time to react to market swings as many Plains growers hold short staple cotton. Demand for low quality cotton remains uneven due to overproduction and tight exports under Public Law 480, with microne readings driving prices lower.
MENTIONED IN THIS ARTICLE
PCG
Donald Johnson
Plains
Johnson
U. S
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